Dogecoin’s Soaring Popularity in 2024

According to leading cryptocurrency websites like Coinmarketcap, which track cryptocurrencies globally and blockchain technology developments, Dogecoin (DOGE) is ranked 7th globally of all cryptocurrencies by market cap. As of 4th December 2024, Dogecoin's market capitalization stood at over $60 billion.

As 2024 comes to an end, it’s official that we are currently in a cryptocurrency bull run which gained global attention with the end of the November 2024 US election. Trump’s win signaled the entry of a crypto-friendly administration which many believe will usher many crypto-friendly regulations in the US and globally. Dogecoin is believed to be one of the biggest beneficiaries of this transition.

Before we look at how to buy Dogecoin in Canada, let’s start at the beginning.

Is Dogecoin Worth Buying?

This is the question on everyone's lips right now, and although we can't make any financial recommendation, we can tell you that dogecoin is legit and is definitely gaining traction and strength. We expect the coin to keep growing and here's why:

1. The Elon Musk Factor

   One of Donald Trump’s biggest campaign supporters was Elon Musk, who happens to be the most vocal and influential supporter of Dogecoin. Elon Musk’s support for Doge dates back to 2019 when he first tweeted about the meme coin.

   

   Later in 2021, Elon Musk went on to assist DOGE become more than a meme coin by spearheading its improvement.

   

   Elon Musk's continued support is more evident now in the fact that he will have a critical role in the US government in 2025, heading a newly formed department known as the Department of Government Efficiency, whose acronym is “DOGE”.

   
   

2. Dogecoin Possible Integration into X payments

   Musk also has plans to transform X (formerly Twitter) into an “everything app” including the ability to receive and send payments. To achieve this, Elon Musk has been actively pursuing money transmitter licenses in the US and has plans to do so globally. It’s likely that he will integrate one of two cryptocurrencies into X’s ecosystem and many believe it will either be XRP or Dogecoin.

   If this happens, the cryptocurrency of choice on x.com may very well dominate the crypto world. Considering that one of Elon Musk's biggest tasks at the Department of Government Efficiency will be to get rid of unnecessary regulations (including those that slow down the issuance of money transmitter licenses in the US), Dogecoin may be an obvious winner.

   
   

3. Dogecoin’s Strong Community

   Dogecoin also has one of the largest and most loyal crypto communities. The meme coin has a following of over 6.5 million on X and Reddit alone. There are also many Dogecoin holders (popularly known as “hodlers”) who have held the cryptocurrency without selling it for years. A strong community is critical for spreading the word, attracting new users, and supporting adoption, such as when Dogecoin is integrated into platforms like x.com.

   
   

How to Buy Dogecoin in Canada

Now that we know why anyone should be seriously looking into buying Dogecoin in 2024-2025, let's focus on how to buy it in Canada. Since cryptocurrencies can be a hurdle to buy, we've summarized simple steps to follow:

1. Choose a Reputable Company in Canada like bitMachina

   The crypto world is full of fraudulent cryptocurrency exchanges. Consider dealing with a reputable company like us, bitMachina, that has a solid track record (we’ve been in existence since September 2019) and is proven to be legitimate. We uphold the highest cryptocurrency industry standards.

   Our Ottawa-based company helps Canadians buy cryptocurrencies like Bitcoin and Dogecoin (among many others) via accessible, easy-to-use systems in a safe and transparent manner. We also have notable partnerships with established crypto players like Simplex who are authorized to operate in Canada.

   This makes it possible to buy Dogecoin, Bitcoin, and other cryptocurrencies online safely using your credit card. There are many other payment methods out there including SWIFT wire transfer/bank transfer, SEPA, Apple Pay, but we prefer Simplex’s simplicity, making the process quick and beginner-friendly.

   
   

2. Buy Dogecoin Online with a Credit Card

   If you choose a reputable company like bitMachina, you can use your credit card to buy Dogecoin thanks to our partnership with Simplex.

   As a first-time user, you may need to undergo a simple verification process. However, it is quick and easy. Follow this link to proceed. You should contact your bank in case your credit card has restrictions. What's more, you can try out smaller purchases first.

   You can buy Dogecoin at bitMachina via Simplex and other top cryptocurrencies like Ethereum, Litecoin, Tether, Polkadot, USDC, and Bitcoin Cash. Contact us if you need more information on how to buy Dogecoin in Canada using a credit card.

   
   

3. Buy Dogecoin with Cash in Canada

   Buying cryptocurrency with cash deposits (Canadian Dollars) is also safe and easy. Simply find physical counters, hand over cash, scan a QR code, and get your crypto. You’ll need a cryptocurrency wallet address (a virtual bank account for your cryptocurrency). If you don’t have one, an address can be generated for you. When using one of our Bitcoin counters, you can generate a Bitcoin address wallet on the spot (by printing a paper wallet) if necessary. The process is straightforward with a user-friendly interface, perfect for beginners who have trouble buying crypto from complex online exchanges. Start by locating your closest counter.

   
   

Why Buy Dogecoin in Canada with bitMachina?

There are many self-proclaimed cryptocurrency exchange platforms in Canada. This is how we stand out:

• A trustworthy local presence: bitMachina is a Canadian-based crypto exchange platform that has been proven to be trustworthy and more approachable to Canadian customers who may otherwise have reservations about dealing with international crypto exchanges or those that are purely virtual.
• Variety of physical access points in Canada: You can buy cryptocurrencies like Dogecoin online. However, you can also buy crypto in in-store counters as well as bitMachina’s Bitcoin ATMs present in several locations in Canada such as Ottawa and Brampton.
• Safe and Simple process: Buying Dogecoin or other cryptocurrencies on bitMachina using your credit card is a safe and simple process, you can follow these few simple steps.
• Focus on major crypto assets: bitMachina focuses on major digital currencies with a straightforward approach to cryptocurrency transactions. Beginner crypto enthusiasts can therefore invest without feeling overwhelmed by hundreds of new and popular cryptocurrencies.
• Excellent support: bitMachina also has a great support team that is ready to answer any questions.

Reach us online or call: 343-308-6313. You can also use our email address: info@bitMachina.ca. Ask about Dogecoin price fluctuations, crypto hot wallet, cold wallet/non-custodial wallets/hardware wallets, Dogecoin and bitcoin comparison, buying other crypto coins in Canada, our transaction fees, trading fees, transaction processing times, in-depth security measures, and more.

Get verified TODAY with bitMachina to comply with Canadian government regulations and enjoy higher transaction limits for in-store and ATM cryptocurrency purchases.